In Brisbane's eastern suburb of Wynnum, I recently visited a property on Clara Street. This building visit was both a work-related activity and a personal interest. Here, I'd like to share the unique charm of this property and why it caught my attention.
Wynnum: A quiet corner of the city
Wynnum is known for its laid-back lifestyle, reminiscent of Stanley in Hong Kong. Its waterfront park, artificial saltwater swimming pool, and long pier are iconic features of the area. These features not only provide residents with a high-quality living environment but also enhance the area's appeal.
Property and area overview
Wynnum is also one of East Brisbane's commercial centers, with comprehensive facilities including a train station, office buildings, shopping malls, and restaurants. The median price of detached houses here is A$1.15 million, while the median price of apartments is A$680,000, demonstrating its active real estate market and investment potential.
Investment Highlight: Clara Street
Clara Street boasts a prime location near the city center. Just a few minutes' walk will take you to the medical center and various shopping malls, offering excellent convenience. Furthermore, the beachfront is just a 10-minute walk away, significantly enhancing your quality of life.
As a town planner, I'm particularly excited about the development potential of this site. Currently, the house is zoned for medium-density residential use, but there's potential for commercial use in the future. If successful, this conversion would significantly increase the land's value.
Market Dynamics and Outlook
In October 2023, this house was traded for AUD 820,000 (approximately HKD 4.19 million). Six months later, its estimated value reached AUD 900,000 (approximately HKD 4.6 million), representing significant appreciation. This three-bedroom brick house, with its own land, is close to the beach, commercial facilities, and public transportation. These factors make it an ideal home not only for residential purposes but also for awaiting appreciation or for rebuilding.
If you are interested in properties in Wynnum or other Brisbane areas and would like to invest in a property with development potential, please contact our ANP team. Our professional town planners and property experts will provide you with comprehensive purchasing, investment and development advice to help you seize opportunities.
# Brisbane # Overseas Property # Buying Foreign Properties
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